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AS13 DOUBT

Accountancy

How to do this question..in icai suggested answer mutual fund is taken as investment..but as per AS 13 mutual fund is not applicable in investment

Remya Raveendran

CA Inter

★ 270

13-May-22 13:04

379

Answers (4)

Its not applicable to mutual fund entity. But if you hold mutual fund investments then AS 13 is applicable

CA Suraj Lakhotia

Admin

13-May-22 13:05

Sir is this this current or long term investment sir.

Umayal Lakshmanan

CA Final

★ 6K+

13-May-22 20:54

Umayal Lakshmanan

Sir is this this current or long term investment sir.

From date of acquisition it shall not be held for 12 months inorder to get it classied as current investment.

Kiran Vijay

CA Final

★ 4K+

13-May-22 23:15

Kiran Vijay

From date of acquisition it shall not be held for 12 months inorder to get it classied as current investment.

Ok thank you

Umayal Lakshmanan

CA Final

★ 6K+

14-May-22 10:49